Rubber Daily Price Kerala 14/10/2019
Rubber RSS4 Kottayam: 119.00
Rubber RSS5: 117.00
Rubber Loose: 115.00
Rubber Lot: 110.00-113.00
Rubber scrap: 75.00
Rubber Latex: 98.00
Field Latex: 133.00
Rubber ISNR 20: 105.00
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India Rubber: Settles higher on ICEX on spot market cues; TOCOM shut
By Rahul Dhuri
MUMBAI – Futures contracts of rubber on Indian Commodity Exchange rose today, taking cues from spot markets of Kerala, traders said. The most active November contract ended at 11,890 rupees per 100 kg, up 0.7% from Friday.
Prices of natural rubber rose in Kerala today due to demand from domestic stockists following a recent fall, said Thaha Mohamed, owner of the Kottayam-based Sara Traders.
The widely-traded RSS-4 variety was sold at 117-118 rupees per kg, up 1-2 rupees from the previous close, traders said.
Rubber Board data showed it was sold at 120.00 rupees per kg in Kottayam, up 0.50 rupee from the previous level. In Kochi, the price was largely unchanged at 119.50 rupees per kg.
Expectations of a rise in arrivals due to a pick-up in tapping activity limited the rise in prices, said Raju Varghese, owner of the Kottayam-based Polachirayil Traders.
Lack of fresh cues from benchmark contracts on Tokyo Commodity Exchange capped gains on the domestic bourse, analysts said. Prices of rubber on TOCOM were unavailable today as the exchange was shut on account of a public holiday. The bourse will resume trade on Tuesday.
The following table shows today’s closing prices of rubber, in rupees per kg, as detailed by the Rubber Board, and the change in prices, in rupees, compared with the previous close:
OUTLOOK In the coming days, sharp gains are unlikely in prices of natural rubber as tepid demand from tyre makers and a rise in arrivals may offset gains due to renewed demand from domestic stockists, traders said.